3 Bedroom Shop for sale in Tiverton
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EXCELLENT INVESTMENT OPPORTUNITY! Freehold investment opportunity situated on Bampton Street this shop premises offers a thriving tenanted restaurant take away premises offering a monthly rental income from the shop premises and the attached three bedroom flat above.
Occupying a popular trading position in the centre of Tiverton, with plenty of passing foot and vehicular traffic, the freehold of 50 Bampton Street is offered in excellent condition with a long term tenant with 15 years on the shop lease remaining.
The large paned shop frontage offers plenty of advertising display space currently used as a take away restaurant with the rear of the shop there is a separate ground floor storage unit currently used as a preparation area by the leasee with shared communal access pathway leading to the front. the total shop square footage measuring approx 600sqft.
The connected flat above is split on two levels and measures approx 728sqft that offers a large living space with open plan kitchenette area and shower room, large double bedroom with open plan third bedroom area that would benefit from separating from the lounge area while providing stairs to the second floor attic space double bedroom.
The freehold sale provides a current rental income of £9,000 per annum offering an 4.09% yeild return due to zero maintenance charges and ground rent requirements.
Important Information
- This is a Leasehold property.
- This Council Tax band for this property is: A
Property Ref: 9ee92866-df0e-4b32-8962-b09dda7a38db
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